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The IFRS Foundation's three-tier structure

The IFRS Foundation has a three-tier governance structure, based on an independent standard-setting Board of experts (International Accounting Standards Board), governed and overseen by Trustees from around the world (IFRS Foundation Trustees) who in turn are accountable to a monitoring board of public authorities (IFRS Foundation Monitoring Board).

The IFRS Advisory Council provides advice and counsel to the Trustees and the Board, whilst the Board also consults extensively with a range of other standing advisory bodies and consultative groups.

Public accountability

Monitoring Board

The Monitoring Board is a group of capital market authorities and provides a formal link between the Trustees and the public authorities in order to enhance the public accountability of the IFRS Foundation

Governance

Trustees of the IFRS Foundation

The Trustees of the IFRS Foundation are responsible for the governance and oversight of the International Accounting Standards Board, including the Constitution and due process for the development of the accounting standards

Independent standard-setting

International Accounting Standards Board

The International Accounting Standards Board (Board) is the independent standard-setting body of the IFRS Foundation

IFRS Interpretations Committee

The Interpretative body of the International Accounting Standards Board (Board), which works with the Board in supporting the application of IFRS Standards

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